Ohio Admin. Code 1301:16-1-04 - Fees
The applicable nonrefundable fees shall be assessed by the real estate appraiser board as follows:
(A)
A one
thousand-dollar fee for licensure as an appraisal management
company.
(B)
A seven hundred fifty-dollar fee for the annual renewal
of an appraisal management company license must be submitted with the renewal
application for licensure.
(C)
A two hundred
fifty-dollar late filing fee for an applicant of an annual renewal of appraisal
management company license who filed their renewal within three months after
the expiration of their license. The late filing fee must be submitted with the
renewal application for licensure.
(D)
In accordance
with section 1109(a) of the "Financial Institutions Reform, Recovery and
Enforcement Act" as amended,
12
U.S.C. 3338(a), an initial
federal registry fee shall be assessed to each appraisal management company
licensed as an Ohio appraisal management company on January 1, 2020, and
thereafter, a federal registry fee shall be assessed when an appraisal
management company license is initially issued or at the time of renewal. The
assessment shall be paid to the division at the time of initial application or
renewal of the license. Any change in the federal registry fee authorized by
the appraisal subcommittee pursuant to section 1109(a) of the "Financial
Institutions Reform, Recovery and Enforcement Act" as amended,
12
U.S.C. 3338(a), shall be
assessed, upon notice, for all initial and current Ohio appraisal management
company licenses.
(E)
A twenty-five dollar fee must be submitted to the
division for any of the following: a letter of good standing; a replacement
license resulting from a change in the licensee's company name, business
address or controlling person; or replacement license must be issued due to the
original license has been lost or spoliated.
(F)
The
superintendent of real estate may require that fees be paid by credit card,
debit card, personal check, cashier's check, certified check or money
order.
Notes
Promulgated Under: 119.03
Statutory Authority: 4768.03
Rule Amplifies: 4768.03
Prior Effective Dates: 02/01/2019
Promulgated Under: 119.03
Statutory Authority: 4768.03
Rule Amplifies: 4768.03
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